Sort of. I mean, if your estate is valued over 3.5 million buck, and you love your family more than the IRS.
I know, I know, chump change. But for Mr. Steinbrenner...
and his reported $1.1 billion estate, it looks like he was fortunate enough to die in 2010. As of 2009, the estate tax was 45% with a 3.5 million dollar exemption. Thankfully, the incompetents in Congress fought so long about what to do when the bill expired, they completely OMITTED 2010 from the inclusion of ANY estate tax. Being the businessman ol' Steiny was, it looks like he is expected to have saved his family a cool 500 million. Seriously.
Looks like the Yanks just funded a team full of A-Rods. On government (intended) money. How you like them apples?